Textile Traders In Madhya Pradesh Will Have To Pay 5% Tax

India Madhya Pradesh Finance Minister Raghavji said that the textile merchants in Madhya Pradesh would have to temporarily pay 5% of the tax because the government had issued a notice. The minister's Wholesale textile industry When speaking, the representative assured them that he would discuss the matter with the State Minister Shivraj Singh Chauhan and asked him to cancel the 5% tax.

　　 Traders The government is required to grant tax exemption measures for textiles, as such guarantees have been made in the state's annual budget. The traders said that they did not charge any additional fees from consumers, so they were unable to pay taxes to the government. The State Ministry of Finance has issued a notice to levy a 5% tax on textiles. Previously, textile The entry tax of 1% has been levied. Now, businessmen must pay 6% tax.

The Central State has always been a merchant friendly state. After discussing with the state governor, it may revoke the 5% tax. But at the same time, businessmen will have to pay taxes first.